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EVEREST MED Shrinks 6%+ on Top-up Shr Placement at 10% Discount
EVEREST MED (01952.HK) opened 5.87% lower today, and bottomed at $72.1. It last printed at $72.45, down 6.58%, with 25.401 million shares traded, involving $1.779 billion.EVEREST M...
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EVEREST MED Shrinks 6%+ on Top-up Shr Placement at 10% Discount
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STOCK INFO

EVEREST MED (01952.HK)  -1.800 (-2.817%)    Short selling $6.35M; Ratio 1.468%   opened 5.87% lower today, and bottomed at $72.1. It last printed at $72.45, down 6.58%, with 25.401 million shares traded, involving $1.779 billion.

EVEREST MED will place 22.561 million shares through top-up share placement, representing approximately 6.43% of its enlarged share capital, as announced by EVEREST MED. The price is set at $69.7 per share, representing a discount of approximately 10.12% to yesterday (24th)'s closing price of $77.55.

The Company expected the net proceeds to be approximately $1.553 billion, with approximately 50% intended for global R&D of pipeline products; 40% for the commercialization efforts, including the launch of new products; and 10% for working capital and general and administrative purposes.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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